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Sounds like another Charles Nenner. Does news drive TA or does TA drive news? In my opinion, the answer is yes. It's a combination of both, with big news events trumping everything else. Unfortunately, the media plugs in whatever recent news event that is convenient or happens to...

You want to avert another depression, Repubs and Demos? Legalize and tax the crap out of recreational drugs. Hell, it would eliminate the trade deficit overnight. It doesn't have to be permanent. Leave a provision for the law to expire in 8-10 years. If it doesn't work out, let it expire...

I'd like to know what caused the bubble that led to the Great Depression, according to Austrian economics. Since, obviously, it's pretty fucking hard to get out of one once you're already in it.

So what if I made $3 billion over the last decade with new laws I helped write and my buddies in congress passed (I have friends that make me look poor by comparison). That's life. It's un-American to ask me to return any of that money. If I see profit potential, exploiting the gray area of a...

I'm starting to see those "Gold to Cash" shops around the city. They look ghetto as hell, but I wonder what the cumulative effect will be on the price of gold, assuming they gain in popularity across the country as the economy deteriorates.

It's an index, and numerically, it's consistently higher.

Still waiting on that Feb rally, Charles.

Good luck to you, brother. Whatever doesn't kill you makes you stronger, and you give me the impression that you are going to make it just fine.

Who the hell is calling for a rebound the second half of this year?

The futures market turned around as soon as the news was released. The administration hopes to slow the market's decline and will probably succeed—for a week or two anyway.

I don't like taxes, but it's time for reality to set in for Democrats AND Republicans. Even under Reagan, the top tax bracket was 50% for the majority of his time in office, and that's nothing compared to the 91% from '51 to '63, most of which with a Republican president. From 1917 to 2002...

Thanks for the well written and thought out post. Those are hard to come by around here.

You would think most traders on this board could see past their own noses, but apparently they are unable. Even IF traders were somehow immune, I'm not looking at current circumstance for my own well-being. I see friends and family suffering, and I know how much worse it can get. It still...

Don't agree with everything you said, but this part is so true. I can't bare to watch a 5 second clip of his "reporting." I'm not a big Affleck fan, but he nailed Olbermann's drivel in this clip: <object width="512" height="296"><param name="movie"...

Okay, let's quit dicking around. What you suggest guarantees a depression. The only debatable point is whether we're headed there anyway, no matter how hard we resist it. If you allow C and BAC to fail, other financial institutions will follow because their assets are tied to these...

Make no mistake, Soros is a dirty dog. I study him, and think others should too, only to find some sort of insight on how the man thinks. He is purely motivated by self interests. Don't be fooled by his attempts, very public attempts by the way, at philanthropy and altruism. If the man is...

I thought he said equities would rally Feb 13th. That's a big swing and a miss. I'll let it slide if we rally next week and hold until March like he said. It's not looking good though.

Now Santelli is on the boob acting like an ass. His first rant had entertainment value, but now he's just acting like a child performing for the camera. CNBC is whoring itself out for the ratings. It's just ugly.

Only about $900K with TOS. I pay $1 a contract, so if I tie up $900K of my capital for one day, I can net exactly $0 if the contracts expire worthless (crossing my fingers). I really need to renegotiate my fee schedule.

He's out there looking for that bastard right now. I was under the impression that JPM was a strong bank. I don't know what to believe anymore when it comes to banks. And greetings from Phoenix. 77 degrees and I'm not even on vacation :D